How to Keep Cyberattacks from Tanking Your Balance Sheet

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The average cost of a data breach reached $4.35 million in 2022, according to an IBM report.

, an international standard quantitative model framework providing operational risk and information securityDefining an organization’s top cyber threats and quantifying the likelihood of these threatsConnecting the probability of cyber threats to cyber risks in financial terms and associating them with future cyber investments

: Enterprises should analyze cybersecurity in the context of strategic implications, as part of enterprise risk.: Enterprises should define cyber-risk appetite in financial terms to help inform decision-making.: Management should integrate cyber-risk analysis into business decisions.: Management should ensure the cybersecurity function is represented adequately.: Regular sessions between management and the board should provide updates on incidents, trends, and vulnerabilities.

to provide insight into blind spots through consolidated threat visibility. MITRE provides a foundation for security operations teams to develop and map out a framework for detection rules, which are specific to the unique threats and vulnerabilities of an organization.by looking at parameters like industry, geolocation, and leadership. With MITRE, organizations can identify which threats, as well as which aspects of the technology landscape, are most likely to lead to damage.

 

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